Bidding for new Navi Mumbai airport closes on November 7

Chief general manager (transport and airport) S Vijay Kumar said that the financial bid will be first evaluated by an expert panel of Cidco, followed by PMIC and the state cabinet will give the final approval.SANJAY BANERJEE | October 14, 2016, 11:00 IST

NAVI MUMBAI: The two-part technical and financial bidding for the Rs 16,000 crore second international airport closes on November 7.Four parties that qualified for the technical bid will submit their documents early next month, said senior Cidco PRO, Mohan Ninawe. The closure of the financial bidding, also called request for proposal (RFP), puts to rest speculation over feasibility of the airport in Navi Mumbai that will offload 10 million passengers annually from the Mumbai international airport.

Chief general manager (transport and airport) S Vijay Kumar said that the financial bid will be first evaluated by an expert panel of Cidco, followed by project monitoring and implementation committee (PMIC) and the state cabinet will give the final approval.

The state chief secretary heads the PMIC and it has representatives from the Union civil aviation ministry.

The bidder with the highest revenue-sharing model with Cidco will be chosen as the strategic partner to develop the airport in phases. The first phase involved around Rs 7,000-8,000 crore investment with pre-development works pegged around R s3,700 crore. The other works of runway , air traffic control, hangar and other works is pegged around Rs 4000 crore, the chief general manager said.

Hiranandani Zurich International Airport got a late security clearance from the Union home ministry that caused a slight delay for the RFP bid closure. The other three parties are MIAL, GMR Airports Limited and Tata Realty & Infrastructure Limited.